Green Dot Corporation (NYSE:GDOT) Receives Average Recommendation of “Hold” from Analysts

Shares of Green Dot Corporation (NYSE:GDOT) have been assigned a consensus rating of “Hold” from the six research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $14.75.

Several research firms have recently weighed in on GDOT. Wall Street Zen raised Green Dot from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. Craig Hallum reissued a “buy” rating and set a $18.00 price objective on shares of Green Dot in a research note on Tuesday, March 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a research note on Tuesday, April 21st.

Green Dot Stock Performance

Shares of NYSE GDOT opened at $12.92 on Friday. The stock has a fifty day moving average price of $12.05 and a two-hundred day moving average price of $12.12. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.50 and a current ratio of 0.50. The firm has a market cap of $732.25 million, a P/E ratio of -9.79 and a beta of 0.86. Green Dot has a 1 year low of $9.11 and a 1 year high of $15.41.

Green Dot (NYSE:GDOT) last released its quarterly earnings data on Monday, May 11th. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.24. The business had revenue of $652.03 million during the quarter, compared to analyst estimates of $597.39 million. Green Dot had a positive return on equity of 7.56% and a negative net margin of 3.25%. Research analysts forecast that Green Dot will post 1.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Green Dot

Several large investors have recently modified their holdings of GDOT. State of Alaska Department of Revenue bought a new stake in shares of Green Dot during the 3rd quarter worth $29,000. Summit Securities Group LLC purchased a new stake in shares of Green Dot in the fourth quarter valued at $66,000. Tower Research Capital LLC TRC lifted its holdings in shares of Green Dot by 23.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,221 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Green Dot in the first quarter valued at $96,000. Finally, OLD National Bancorp IN purchased a new stake in shares of Green Dot in the fourth quarter valued at $128,000. 92.56% of the stock is owned by institutional investors.

About Green Dot

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.